Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    773 Salmon Falls Road Rochester, NH 03868

    View on Map
    For Sale
    $399,900

    Multi-Family - Rochester, NH

    Property size:
    1,737 SF
    Lot size:
    1.50 Acres
    Added:
    Mar 25, 2026
    Days on Market:
    8
    Last Refresh:
    Apr 1 at 8:06 am

    Property Features for 773 Salmon Falls Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    A
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Parking
    4
    Parking features
    Garage
    EntryLevel
    Unit 1: 1
    Basement Y/N
    1
    Appliances
    Range, Refrigerator
    Standard status
    Active
    Size
    1,737 SF
    Lot size
    1.50 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxAnnualAmount
    6249

    Utilities

    Heating system
    Kerosene

    Building Details

    Year built
    1964
    Floors in Building
    1
    Number of units
    2
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Barbara Marzoli

    Listing agent Barbara Marzoli

    Listing office KW Coastal and Lakes & Mountains Realty 750 Lafayette Rd., Portsmouth, NH

    Listing date Mar 25, 2026

    MLS# 5080752 Listing URL

    Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Two-Unit Ranch Style Property

    This two-unit ranch-style property is situated on a 1.5-acre lot in a desirable rural location, minutes from town, schools, and local amenities in Rochester, NH. Each unit features 2 bedrooms and 1 full bathroom, all on one level. A detached 30x40 garage, built in 2018, provides space for storage, a workshop, or hobbies. The property, with zoning A, offers an expansive backyard suitable for outdoor activities. Requiring rehabilitation and sold as-is, this property presents an opportunity for investors or owner-occupants to add value. The 1,737 square foot property allows the option to live in one unit while renovating the other, or maximize rental income potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Law Firm Building Supply Auto Repair Shop HVAC Service Wine and Liquor Store Travel Agency Nursing Home (Bike/Boat/Book/etc) Store Nursing Home

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Strafford
    State
    New Hampshire
    Longitude
    -70.9295373
    Latitude
    43.309243

    Nearby Similar for Sale

    • $3,900,000

      Turnkey Restaurant and Tavern Opportunity

      Established restaurant and tavern with high visibility and traffic flow.
      11 FARMINGTON Road, Rochester, NH 03867
      View Details
    • $490,000
      3,508 SF

      Updated Multi-Family Investment Property

      Three-unit property with upgrades, strong rental history, and high cap rate.
      46-48 Lafayette Street, Rochester, NH 03867
      View Details
    • $399,000

      Versatile Commercial Property with Large Garage

      Highway-commercial property with garage, renovated ranch, and mixed-use potential.
      8 Phillips Lane, Rochester, NH 03868
      View Details
    • $419,900
      1,840 SF

      Rochester NH Multi-Family Duplex

      Two-unit duplex near downtown Rochester, great investment opportunity.
      17-19 Upham Street, Rochester, NH 03867
      View Details
    • $599,900
      2,875 SF

      Updated Three-Unit Multifamily Building

      Three-unit multifamily building with updated units and convenient location.
      43-45 Charles Street, Rochester, NH 03867
      View Details
    • $875,000

      Rochester Commercial Property For Sale

      Commercial property in Rochester, NH with diverse income potential.
      31 Hancock Street, Rochester, NH 03867
      View Details
    • $450,000
      3,611 SF

      Mixed-Use Buildings in Rochester, NH

      Mixed-use property featuring residential and commercial spaces in Rochester.
      18 Wakefield Street, Rochester, NH 03867
      View Details
    • $115,000

      Rochester NH Commercial Condo

      Professional office condo, ideal for medical or general sales.
      60 Rochester Hill Road, Rochester, NH 03867
      View Details
    • $899,000
      4,528 SF

      Waterfront Quadplex on Large Lot

      Spacious waterfront quadplex with subdivision potential in East Rochester.
      32 Mill Street, Rochester, NH 03867
      View Details
    • $425,000
      1,769 SF

      Rochester, NH Multi-Family Duplex

      Well-maintained duplex, perfect for first-time real estate investors.
      283 Chesley Hill Road, Rochester, NH 03839
      View Details
    • $450,000

      Mixed-Use Property in Rochester, NH

      Two buildings on one lot with commercial and residential units.
      18 Wakefield Street, Rochester, NH 06867
      View Details
    • $3,900,000
      9,260 SF

      Turnkey Restaurant and Tavern Opportunity

      Fully equipped, high-volume restaurant and tavern for sale.
      11 FARMINGTON Rd, Rochester, NH 03867
      View Details

    FAQs

    What type of property is this?
    Duplex - Two-unit ranch on 1.5 acres, needs rehabilitation.
    Where is this duplex located?
    The property is located at 773 Salmon Falls Road Rochester, NH.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: Two‑unit ranch‑style property on a large 1.5‑acre lot.; Desirable rural location, close to town, schools, and amenities.; **Large 30x40 detached garage built in 2018.**
    (603) 610-8500
    We can help!
    Listing Contact
    Barbara Marzoli
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!